BIR Ruling
BIR Ruling • Bureau of Internal Revenue (BIR) Issuances • Rulings (Unnumbered) • Aug 19, 1971
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August 19, 1971 Sarmiento Export Corporation P. O. Box 186 Makati Commercial Center Makati, Rizal Attention: Mr . Francis X . Perez Counsel Gentlemen : This refers to your letter dated August 9, 1971 requesting information as to whether or not you are liable for any percentage tax and/or any export tax for engaging in the business or buying seaweeds and exporting the same abroad. aisa dc In reply, I have the honor to inform you that for engaging in the business of buying seaweeds and exporting the same abroad, you are not subject to the payment of any percentage tax. However, you are subject to the graduated annual fixed tax prescribed in Section 182(A)(2) of the Tax Code. With regard to the payment of export tax, it is suggested that you address your inquiry to the Central Bank of the Philippines, the government agency charged with the collection of the export tax. cdt Very truly yours, MISAEL P. VERA Commissioner of Internal Revenue
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